thinkRF Surpasses Revenue Targets for Second Consecutive Quarter with Landmark Achievements
August 2, 2024
thinkRF — Leader in software-defined spectrum analysis platforms
thinkrf.com
thinkRF continues to exceed its revenue targets for the second quarter in a row, achieving remarkable milestones that position the company on track to triple its 2023 revenue. This quarter has been particularly noteworthy, with substantial successes and strategic advancements.
A major highlight is the signing of a significant deal with a North American spectrum regulator for the nationwide deployment of its cutting-edge Spectrum eXperience Management (SXM) platform. SXM is an innovative cloud-based autonomous platform that provides continuous network intelligence and monitoring. This deal followed a successful pilot deployment, where the client confirmed that, prior to SXM, it was not economically feasible for government regulators to audit and manage the vast wireless network infrastructures and monitor spectrum license utilization effectively. Additionally, SXM enables efficient spectrum management, cross-border interference coordination, and overall spectrum planning.
Further extending its regulatory impact, thinkRF is continuing a successful pilot program with a South American regulator. This initiative underscores the global significance of spectrum license auditing and highlights thinkRF’s expertise in meeting these critical needs.
In the realm of Private Networks, thinkRF’s SXM platform demonstrates its suitability to maintain network reliability and ensure business continuity. This is evidenced by the recent pilot program with Disney Parks, where thinkRF is set to deliver a novel approach to a capability featuring real-time spectrum channel occupancy monitoring. This capability promises unmatched insights into efficient channel assignments and utilization.
Another notable achievement is the delivery completion of 100+ spectrum analysis platforms to a Middle Eastern government, reinforcing the effectiveness of thinkRF’s sales strategy and global outreach.
thinkRF’s international expansion was further showcased in May 2024 at the Telecoms World Middle East (TWME) in Dubai. The event provided valuable networking opportunities, enhancing visibility among a targeted audience and contributing to lead generation, brand building, and market recognition.
Continuing its momentum to target specific audiences, thinkRF presented its SXM solution at the 19th European Spectrum Management Conference in Brussels in June. The feedback from spectrum regulators and policymakers was overwhelmingly positive, highlighting SXM’s unique and innovative approach. The audience was impressed by SXM’s ability to effortlessly monitor wireless network infrastructures globally, providing real-time insights into spectrum band utilization, occupancy, regulatory compliance, and cross-border interferences — all with just a few clicks.
The enthusiasm and engagement from these events reaffirms our mission to revolutionize spectrum monitoring by providing a comprehensive view of this dynamic environment. We extend our gratitude to everyone who interacted with us and shared their excitement!
About thinkRF
We are transforming wireless network management and analytics with our state-of-the-art platform, Spectrum eXperience Management (SXM). Leveraging an innovative, IoT-driven, cloud-based approach, SXM provides continuous, autonomous network monitoring and spectrum intelligence, delivering unparalleled insights into wireless network dynamics and spectrum utilization.
SXM continuously characterizes network usage within any given area, seamlessly uploading this data to the cloud for aggregation and analysis across the entire SXM network. This process generates invaluable insights, enabling our clients and users to optimize billions of dollars in annual spending on spectrum management, acquisition, and network planning. It empowers them to make data-driven decisions and achieve superior wireless network performance — all at a fraction of traditional costs!